- Vox is reporting that Jet.com founder Marc Lore is feeling the heat at Walmart as e-commerce losses pass the $1 billion dollar mark. Jet.com was purchased to shore up Walmart’s digital presence, but mounting losses may lead to the sell off of some recently acquired digital brands.
- Testing of cashier-less stores are gaining steam as retailers look to keep up with Amazon’s Amazon Go locations. Tesco recently showed off the technology to investors as they partner with Trigo Vision on this venture.
- A secretive Amazon retail site, which has been in the works for more than three years, looks like it may be their first physical space in a residential area and permits indicate it has more than double the shopping space of their typical Amazon Go location. Its unclear if this will mark an entirely new concept or an adaptation to a current Amazon store prototype.
- Today, Walmart opened a 40,000 square facility dedicated solely to grocery pick up and delivery. The location in Lincolnwood, IL marks their commitment to ever growing on-demand grocery wars.
Chris Walton is an accomplished Senior Executive with nearly 20 years of success within the retail and retail technology industries. He is well-versed in merchandising, store operations, inventory management, product design, forecasting, e-commerce, pricing and promotions, and tech product development.
Chris was most recently a Vice President with Target, where he led the retailer’s Store of the Future project and also ran the Target’s home furnishing division for e-commerce. He previously worked for GAP, Inc., as a Distribution Analyst and Manager.
Chris holds a BA in Economics and History from Stanford University, and a MBA from Harvard Business School.
He likes to dress as Darth Vader for Halloween, and his wife also frequently asks him to ask Alexa, "to turn off the music."